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Net Gain on Disposition of Interest in Unconsolidated Entities
9 Months Ended
Sep. 30, 2015
Net Gain on Disposition of Interest in Unconsolidated Entities [Abstract]  
Net Gain on Disposition of Interest in Unconsolidated Entities
Net Gain on Disposition of Interest in Unconsolidated Entities
The following table summarizes the net gain on disposition of interest in unconsolidated entities which are included in equity from unconsolidated entities.
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2015
2014
 
2015
2014
 
 
(in thousands)
Mall at Stonecrest (Regional Mall)
Atlanta, Georgia
$

$
7,952

 
$

$
7,952

Liberty Center (Office Building)
Pittsburgh, Pennsylvania

1,237

 

1,237

Apartment Communities:
 
 
 
 
 
 
Newport Landing
Coventry Township, Ohio


 
5,765


Eaton Ridge
Sagamore Hills, Ohio


 
4,745


Arbor Glen
Twinsburg, Ohio


 
3,422


Parkwood Village
Brunswick, Ohio


 
2,817


Sutton Landing
Brimfield, Ohio


 
2,535


Westwood Reserve
Tampa, Florida


 

8,904

Legacy Crossroads
Cary, North Carolina


 

6,216

Colonial Grand
Tampa, Florida


 

4,904

Legacy Arboretum
Charlotte, North Carolina


 

3,257

Barrington Place
Raleigh, North Carolina


 

1,515

Golden Gate (Specialty Retail Center)
Mayfield Heights, Ohio


 

16,440

Other
1,009


 
1,009

(350
)
 
$
1,009

$
9,189

 
$
20,293

$
50,075


In April 2015, the Company acquired its partner’s 50% equity ownership interest in three operating apartment communities (Cherry Tree, Chestnut Lake and Stratford Crossing) in exchange for the Company’s 50% equity ownership in five operating apartment communities (Arbor Glen, Eaton Ridge, Newport Landing, Parkwood Village and Sutton Landing) in a non-cash transaction. As a result, the Company recorded gains on disposition of interest in unconsolidated entities as noted above during the nine months ended September 30, 2015. See Note MNet Gain on Change in Control of Interests for detailed information on the net gain on change in control of interests related to the three retained operating apartment communities.